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#311: The Land Boom

#311: The Land Boom

Planet Money vor 14 Jahren

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On today's show, we visit a place where global economic forces converge: Colo, Iowa.The price of farmland in Iowa has doubled in the past few years. People rush to outbid each other at real-estate auctions, and land owners become millionaires in a matter of minutes.We look visit an auction, look at the broader economic picture, and ask an unavoidable question: Is it a bubble?